Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Housing Prices Are PLUMMETING In These States
Posted
January 2, 2025
Views
119,617
Likes
2,561
Comments
683
Engagement
2.71%
January 2, 2025
119,617
2,561
683
2.71%
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"Over the past few years, we’ve experienced a historic deterioration in housing affordability.
The 51% surge in U.S. home prices since March 2020, combined with mortgage rates rising from 3% to 7%, has resulted in the fastest-ever decline in housing affordability. By most measures, the early 1980s housing market (when mortgage rates peaked at 18% in 1981) was slightly more unaffordable overall. However, in terms of housing cycles, the pace of change matters—which explains why homebuyers and industry professionals are feeling a bit dizzy. "
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